The group term life insurance industry still faces the challenge of increasing
the number of employers offering term life insurance and the number of employees
participating, according to JHA, a disability and group life reinsurance, risk
management and research firm.
In 2007, the in-force growth rates for total cases and total lives were only 1
percent and 2 percent, respectively. Premium and volume, however, both saw
slightly higher growth rates of 3 percent and 5 percent. "Given the limited
addition of new lives and cases, it would appear that the increase in premium
and volume is due to existing clients increasing their amount of coverage,"
according to
JHA’s 2007 Group Life Market Survey.
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